Usually when major crypto coins like BTC and ETH go up, then alternative coins may go down collectively. Of course, that doesn't always happen that way as if their is bull run, then all go up ... but right now, seems like most people are just buying back into the the major coins like BTC, perhaps transferring gains from alternative coins back into BTC/ETH, etc.
Truth is, imho, until Steemit finds a way to CREATE revenue, it will remain on this uncertain upswing/downturn.
Sadly, the easiest and seeming only alternative remains paid sponsors in the form of advertising; such as the path YouTube and Facebook have been forced to ‘choose’.
I suspect that this will be a ‘last resort’ of sorts for Steemit as well.
So, I’m preparing to one day log in and see distracting ads flashing in the sidebars of the posts that I will have to train myself to ignore, as with the other two platforms mentioned.
Let’s face it…money is what makes everything go round…Steemit is no exception. This buy low, sell high ‘roller-coaster’ game will soon become weary, and while new users may jump in the pond, it’s the revenue that they build that matters on the bottom line.
Usually when major crypto coins like BTC and ETH go up, then alternative coins may go down collectively. Of course, that doesn't always happen that way as if their is bull run, then all go up ... but right now, seems like most people are just buying back into the the major coins like BTC, perhaps transferring gains from alternative coins back into BTC/ETH, etc.
That make sense, thanks
Truth is, imho, until Steemit finds a way to CREATE revenue, it will remain on this uncertain upswing/downturn.
Sadly, the easiest and seeming only alternative remains paid sponsors in the form of advertising; such as the path YouTube and Facebook have been forced to ‘choose’.
I suspect that this will be a ‘last resort’ of sorts for Steemit as well.
So, I’m preparing to one day log in and see distracting ads flashing in the sidebars of the posts that I will have to train myself to ignore, as with the other two platforms mentioned.
Let’s face it…money is what makes everything go round…Steemit is no exception. This buy low, sell high ‘roller-coaster’ game will soon become weary, and while new users may jump in the pond, it’s the revenue that they build that matters on the bottom line.
Thanks for sharing this post!
Peace.